Steps to Getting an Online Car Loan

Steps to Getting an Online Car Loan

Steps to Getting an Online Car Loan

By Len Stoler Dodge Chrysler Jeep RAM

Applying for an online car loan from Len Stoler Dodge Chrysler Jeep RAM is a convenient and effective way to get the best loan for your vehicle. Our finance team works hard to offer you the lowest rate possible as our offers are far better than that of traditional banks. Getting a car loan online from us here at Len Stoler is an excellent option for those who are short on time or are tired of looking for a lender that will accept those with low or no credit. Len Stoler Dodge Chrysler Jeep RAM is the best place to get your car loan, and in this article, we are going to go over the steps of doing so online.

Check Your Credit Report

Both your credit score and your income determine how much you can borrow and what your interest rate will be. So before you apply for the online car loan here at Len Stoler, be sure to check your credit first. If there are any errors or inconsistencies in your report that are considered fraudulent, be sure to get those cleared up before you fill out your online application. You can get a copy of your credit report every twelve months from all three credit bureaus. If your credit is less than ideal, we here at Len Stoler will work with you so you can get the best loan possible.
  • Check Credit
  • Get Copy of Credit Report
  • Clear Up Any Inconsistencies
Check Your Credit Report

Get Preapproved

Once you’ve decided to get your online car loan from us here at Len Stoler, your next question should be how to get preapproved. It’s important to remember the difference between preapproval and pre-qualifications. If you’re just about ready to buy your vehicle, getting preapproved for a loan offers several advantages. It helps you to strengthen and simplify your negotiating power by allowing you to haggle about the price of the car rather than the monthly payment for the loan. Once you apply, you will be contacted by Len Stoler as soon as possible to let you know the status and when you’ve been preapproved.
  • Get Preapproved Before Buying a Car
  • Improves Negotiation Power
  • Call To Find Status ASAP
Get Preapproved

Use the Loan Offer to Set Your Budget

Your preapproval offer will state the maximum amount you can borrow, but not the price of the car that you’re interested in. You’re going to need an extra 10% to cover the additional taxes and fees. Here at Len Stoler, we have an online auto loan calculator that is set up to design your loan. The calculator allows you to put in your down payment, the trade-in value of your current vehicle, and lending terms so you can find the right monthly payment that fits your budget. If the monthly payment is a little too close for comfort, remember that the preapproval offer is just a limit. If you want, you can borrow much less as it is much better to make your loan payments comfortably.
  • Set Aside An Extra 10%
  • Use the Online Loan Calculator
  • Borrow Less If Needed
  • Make Payments Comfortably
Use the Loan Offet to Set Your Budget

Find Your Perfect Car

Now that you have gotten your financing offer from Len Stoler and figured out the maximum cost of your vehicle, its time for the fun part, picking your perfect ride. Once you have made your decision be sure to check out the loan offers for the dealership requirements, how Len Stoler will send you money, and, most importantly, time restrictions. Be sure that if you ever run out of time to give us a call here at Len Stoler so that we can help you extend the offer.
  • Pick Your Vehicle
  • Check Dealership Requirements
  • Check Time Restrictions
  • Call If You Run Out Of Time
Find Your Perfect Car

Choose and Finalize Your Loan

If we here at Len Stoler beat your preapproved rate, then congratulations, you can rest assured that you have got an excellent financing rate. If you do go with the preapproved offer, be sure to follow the instructions to complete your loan application and finalize your funding. Once you have selected your perfect vehicle, ask us how to finish the transaction. After this, you’ll sign all the paperwork, but before you do, be sure to read it thoroughly so that you understand what you are signing. Following this, you’re done! Be sure to make your payments on time and enjoy your new car.
  • Follow Instructions
  • Read Over the Application
  • Sign the Paperwork
  • Make Payments On Time
  • Enjoy Your Vehicle
Choose and Finalize Your Loan

Get an Online Car Loan here at Len Stoler

If you need a loan for your vehicle, we here at Len Stoler Dodge Chrysler Jeep RAM have a complete finance department here on our website that is dedicated to helping you get the best loan possible. You can fill out the application here on our website, and we have a payment calculator so you can find out the cost of your loan and figure out your preferred terms. Get your car loan today here at Len Stoler and get the vehicle of your dreams!